Jacksonville, Florida Portfolio

Location Characteristics: Jacksonville is an intermodal transportation hub, and the city is also a leading distribution epicenter, with a transportation network embracing port and air cargo facilities, rail and trucking routes. Millions of tons of raw materials and manufactured goods move through the city annually.

 

Market Insight: The Jacksonville market remains strong, with the Airport/North submarket leading growth, adding 13.6 million square feet since 2015. Asking rents have risen 3.6% over the past year to $5.55, with long-term annual growth averaging 4.6%. Industrial employment continues to grow, supporting steady absorption. Even with 4.1 million square feet of new construction projected by 2026, vacancy rates are expected to decline to 4.5% from the current level of 4.9%, signifying Jacksonville’s continuance as a key industrial growth hub.

Jacksonville, Florida Portfolio

Location Characteristics: Jacksonville is an intermodal transportation hub, and the city is also a leading distribution epicenter, with a transportation network embracing port and air cargo facilities, rail and trucking routes. Millions of tons of raw materials and manufactured goods move through the city annually.

 

Market Insight: Jacksonville’s overall vacancy decreased to 3.5% during the first quarter of 2022–its lowest quarterly rate since 2018. Demand for larger spaces continues to outpace supply as tenants seek to meet consumer demands.

7251-7259 Salisbury Road, Jacksonville, FL 32256

3 buildings comprising 168,800 square feet

Center Point Business Park

Location:Jacksonville, FL

Acquisition Date:12/14/2018

# of Buildings:3

Purchase Price/SF:$85.57

Tenant:Multi-Tenant

Button

Salisbury Business Park

Portfolio Fit: Salisbury Business Park is a 3 building portfolio totaling 168,800 SF, 100% leased to a variety of tenants, including one building that houses a postsecondary education center that offers vocational career training in healthcare, and two additional light industrial buildings serving a wide range of high-quality users, including industry leaders in business supplies and disaster recovery industries. Buildable land on the property has allowed us to start development of a 40,572 square foot building coming on line during 2023.

Button

8451 Western Way, Jacksonville, FL 32256

1 building comprising 288,750 square feet

Center Point Business Park

City, Location:Jacksonville, FL

Acquisition Date:9/10/20

# of Buildings:6

Purchase Price/SF:$65.80

Tenant:Multi-Tenant

Button

Liberty Business Park

Portfolio Fit: 8451 Western Way is leased to a diversified and stable tenant mix including storage, logistics, military personnel logistic support, building product suppliers and sports operation. With Jacksonville having a transportation network embracing port and air cargo facilities, rail and trucking routes there is limited availability, and high demand of industrial property in this market.   

Button
Metro Area Building Name Gross Building Area (SF) Property Sub-Type Tenant
Jacksonville 8000 Belfort Parkway 35,643 Flex Space Multi-Tenant
Jacksonville 8001 Belfort Parkway 50,277 Flex Space Multi-Tenant
Jacksonville 4801-100 Executive Park Court 60,000 Small Bay Industrial Multi-Tenant
Jacksonville 4901 Belfort Road 78,930 Flex Space Multi-Tenant
Jacksonville 7251 Salisbury Road 65,280 Small Bay Industrial Multi-Tenant
Jacksonville 4801-200 Executive Park Court 40,000 Small Bay Industrial Multi-Tenant
Jacksonville 4810 Executive Park Court 40,000 Flex Space Multi-Tenant
Jacksonville 4815-100 Executive Park Court 39,600 Small Bay Industrial Multi-Tenant
Jacksonville 4815-200 Executive Park Court 50,000 Small Bay Industrial Multi-Tenant
Jacksonville 4820 Executive Park Court 60,000 Small Bay Industrial Multi-Tenant
Jacksonville 4825 Executive Park Court 65,000 Small Bay Industrial Multi-Tenant
Jacksonville 6601 Executive Park Court 80,000 Small Bay Industrial Single-Tenant
Jacksonville 6602-200 Executive Park Court 32,000 Small Bay Industrial Multi-Tenant
Jacksonville 6631-100 Executive Park Court 27,200 Small Bay Industrial Multi-Tenant
Jacksonville 6631-200 Executive Park Court 44,000 Small Bay Industrial Multi-Tenant
Jacksonville 7014 A.C. Skinner Parkway 85,380 Small Bay Industrial Multi-Tenant
Jacksonville 7016 A.C. Skinner Parkway 39,350 Flex Space Single-Tenant
Jacksonville 7018 A.C. Skinner Parkway 92,872 Small Bay Industrial Multi-Tenant
Jacksonville 7020 A.C. Skinner Parkway 42,184 Flex Space Multi-Tenant
Jacksonville 7022 A.C. Skinner Parkway 88,200 Small Bay Industrial Multi-Tenant
Jacksonville 7255 Salisbury Road 57,120 Small Bay Industrial Multi-Tenant
Jacksonville 7259 Salisbury Road 46,400 Flex Space Single-Tenant
Jacksonville 8451 Western Way 288,750 Warehouse/Light Manufacturing Multi-Tenant
We use cookies to ensure that we give you the best experience on our website. To learn more, go to the Privacy Page.
×
Share by: